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Introduction

Get a swift and hassle-free no-EMI loan against your precious gold if you’re looking for a quick way to get instant funds for your personal or business needs. Use gold to work in your favour and fulfil your financial needs.

Head to the nearest ICICI Bank branch with your gold ornaments to get a loan against your gold in minutes. You can avail of funds between ₹1 lakh - ₹1 crore on your gold jewellery.

Loan amount should be 75% of Gold Value and Interest payable to be calculated on Loan Calculator.

Gold Loan Fees & Charges

PARTICULARS MAXIMUM MEAN
Processing Fees 1.0% of loan amount 1.0% of loan amount
Foreclosure charges

1%, If a/c is closed within 11 months


NIL, If a/c is closed after 11 months

Gold OD - 1% of the facility
amount, if the facilit is prepaid
within 11 months or post 30 days of autorenewal

1%, If a/c is closed within 5 months

NIL, If a/c is closed after 5 months

NA

Documentation Charges* 199 199
Note:

GST, other government taxes, stamp duty, levies, etc. as per prevailing rate will be charged over and above these charges. The above fees will not be applicable for agricultural loans up to Rs 25,000 per customer.

  • Applicable for flexi Gold Loan product.
  • Applicable from December 01, 2018

Documents Required for Gold Loan

gold loan
  • Application form with photograph
  • ID Proof such as Driving License / PAN Card /Form 60/61 / Passport Copy / Voter ID Card /Aadhaar Card / Ration Card (Any one document needs to be submitted)
  • Proof of address such as Driving License /Voter ID Card / Ration Card / Aadhaar Card /Passport Copy / registered lease agreement with utility bills (not older than 3 months) in the nameof landlord (any one)
  • Proof of landholding (in case of agriculture loan of above Rs 1 lakh)

Features & Benefits of Gold Loan

Personal Loan

Avail loans against your gold jewellery at attractive interest rates

Personal Loan

Simple and easy process with minimal documentation

Personal Loan

Transparency is guaranteed and safety of your gold is ensured

Personal Loan

Quick disbursal of funds by the bank

Advantages of applying for a Gold Loan

Following are the various types of properties you can pledge as collateral and secure the required loan amount:

  • Avail a significant loan amount - You can receive a significant loan amount very quickly by applying for a Gold Loan. Banks offer a loan amount based on your personal financial profile and gold value. Generally, banks offer a loan amount equal to 80-90% of your gold value.

  • Attractive interest rates - Since Gold Loan is a secured line of credit you can get it at attractive and competitive interest rates. You also have the option to make pre and part payments. This offers maximum repayment flexibility.

  • Quick disbursal - You do not have to wait for several days to receive your loan amount. Meet the eligibility criteria and complete the little documentation process online. Your loan approval process will begin right from the time you hit the ‘submit’ button. On approval, the amount will be credited to your linked bank account almost instantly. This allows you to meet your financial requirement in time.

Annual Percentage Rate

It is a method to compute annualised credit cost, which includes interest rate and processing fee. The APR calculator does not include charges like stamp duty, prepayment charges, etc. To calculate the same, please click here to download the APR calculator.

Gold Loan FAQs

ICICI Bank offers loan against gold jewellery. A customer can quickly avail of a Gold Loan for any value from Rs 10,000 to Rs 1 Crore with simple and easy documentation process.

To get a Gold Loan, you can walk into any ICICI Bank branch with your jewellery and almost instantly avail of a Gold Loan for any value between Rs 10,000 to Rs 15,00,000. With our simple and easy documentation process, the loan can be availed of across the counter. Alternatively, you can give a missed call on 8444884448 and our executive will call you with all the necessary details.

ICICI Bank Gold Loan comes to you at attractive interest rates starting from 11% per annum based on the prevalent market situation. The rates will however vary according to the product variants.

ICICI Bank provides quick loan disbursal in just 60 minutes. This is, however, subject to the verification of the gold and other documents submitted by the customer. Approvals are granted at the sole discretion of the bank.

Any individual within the age group of 18 to 70 years can avail the ICICI Bank Gold Loan.